Stock Market & Financial Investment News

AvalonBay announces full exercise of underwriters' option to purchase sharesAvalonBay announced that the underwriters of its public offering of 14.5M shares of common stock have exercised in full their option to purchase an additional 2.18M shares. All shares sold in the offering are being sold at a price of $130.00 per share. Settlement of the sale of all shares in the offering will occur on December 5.